The checklist Warren Buffett-style investors use. Annual numbers for 2025.
5/6Strong
PassReturn on equity 15%+Earns a lot on the money owners have in the business.34.0%
MissDebt under half of equityNot relying on borrowed money.1.68x equity
PassNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.15.0%
PassProfitable every yearSteady profits, not one good year.10 of 10 years
PassFree cash flow positiveBrings in more cash than it spends to run and grow.$16.0B
PassShare count not growingNot diluting owners. Falling means buybacks.-7.4% in 3 years
Revenue
$72.2B
+9.5% vs prior year
5-year growth
+14.9%/yr
revenue, per year
Total debt
$56.4B
1.68x equity
Free cash flow
$16.0B
22.2% of revenue
From annual reports filed with the SEC. Gross margin doesn't apply to banks and insurers, so it isn't scored. A checklist is a starting point for research, not a verdict.
Latest quarter
Quarter ended Sep 30, 2026
Reported Oct 23Before open7:00 am ET
Revenue
$11.2B
+7.8% YoY
EPS
$5.42
vs $4.14
Free cash flow
$4.4B
Share count
-2.7%
vs a year ago
Insider rating
Last 90 days
No open-market insider buys or sells in the last 90 days.
Weekly insider trend
No trades to chart yet.
Filing buzz
Last 7 days vs normal
61/ 100
This week
3
Normal week
2.0
vs normal
1.5x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
■Steady0.0%
Institutions added 0.0% to their holdings. 1414 bought, 1161 sold.
Shares held by institutions578.5M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
-2.7%
Cash runwayAt last year's cash burn
Cash flow positive
Debt to equityLatest balance sheet: debt compared with what owners have
1.6x · $58.5B debt
Shares outstandingLatest reported
671M
Earnings reports
Last 12
Next reportAround Jan 29, 2027 (est.)Estimated from the same quarter last year
Results filedOct 23
Results filedJul 24
Results filedApr 23
Results filedJan 30
Results filedOct 17, 2025
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days